MGM Resorts International (N:MGM)

Business Focus: Casinos

Sector:  Consumer Cyclicals Industry:  Casinos & Gaming
See Regulatory Filings on SEC
Company Contact
Address: 3600 LAS VEGAS BLVD S
Tel: N/A
IR: See website
Key People
James Joseph Murren
Chairman of the Board, Chief Executive Officer
William Joseph Hornbuckle
President, Chief Operating Officer
Corey Ian Sanders
Chief Financial Officer, Treasurer
Chris Kelley
President and Chief Operating officers of the Ohioresort
George Kliavkoff
President - Entertainment and Sports
Atif Rafiq
President of Commercial and Growth
Robert C. Selwood
Executive Vice President, Chief Accounting Officer
John M. McManus
Executive Vice President, General Counsel, Secretary
Phyllis A. James
Executive Vice President, Chief Diversity and Corporate Responsibility Officer
Business Overview
MGM Resorts International is a holding company. The Company, through its subsidiaries, owns and operates casino resorts. The Company operates in two segments: domestic resorts and MGM China. Its domestic resorts segment consists of non-gaming operations, including hotel, food and beverage, entertainment and other non-gaming amenities. Its casino operations feature a range of slots, table games, and race and sports book wagering. Its MGM China's operations consist of the MGM Macau resort and casino, and the development of an integrated casino, hotel and entertainment resort on the Cotai Strip in Macau. Under its resort operation, the Company's casino resorts offer gaming, hotel, convention, dining, entertainment, retail and other resort amenities. It owns Primm Valley Golf Club at the California/Nevada state line and Fallen Oak golf course in Saucier, Mississippi, among others. It owns and manages CityCenter Holdings, LLC, located between Bellagio and Monte Carlo.
Financial Overview
For the six months ended 30 June 2019, MGM Resorts International revenues increased 13% to $6.4B. Net income applicable to common stockholders decreased 79% to $71.9M. Revenues reflect MGM China - Casino segment increase of 24% to $1.3B, Occupancy - %Monte Carlo increase of 6% to 88.7%, Avg Daily Room Rate (ADR)-Monte Carlo increase of 13% to $149. Net income was offset by General and administrative increase of 23% to $1.05B (expense).
Employees: 55,000 as of Dec 31, 2018
Reporting Currency: U.S. Dollars
Enterprise value: $28,424M as of Jun 30, 2019
Annual revenue (TTM): $12,482M as of Jun 30, 2019
EBITDA (TTM): $2,704M as of Jun 30, 2019
Net annual income (TTM): $180.68M as of Jun 30, 2019
Free cash flow (TTM): $385.05M as of Jun 30, 2019
Net Debt Last Fiscal Year: $13,501M as of Jun 30, 2019
Shares outstanding: 521,426,655 as of Aug 5, 2019
Index Membership: S&P 500
TTM: Trailing Twelve Months
EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization